Residential Block generating 8.2% yield

  • £975,000
Nottingham UK

Residential Block generating 8.2% yield

Nottingham UK
  • £975,000


  • Buy To Let
  • Property Type


1st, 2nd, 3rd Floors – Residential Apartments in Nottingham.

This property consists of 3 Floors above the basement and ground levels. To the Basement there is a Commercial unit currently utilised as a Cocktail bar and restaurant, while the Ground floor is currently utilised as a restaurant/takeaway. To the 1st, 2nd and 3rd floor; each floor accommodates 6 Bedrooms and 2 bath/shower rooms a kitchen and communal area these are currently let to student however would be perfect for conversion to luxury apartments or air b’n’b rooms.  The property is accessed through a ground floor door, located on Broad Street that leads to the first-floor landing with entrance to the First-floor bedrooms, and further stairs to the seconds and third floors. The 18 bedrooms are split over the 3 floors each comprising of 6 self-contained rooms, a good-sized communal lounge area. fitted kitchen and two bath/shower rooms. per floor. The property needs some modernisation and internal decoration throughout. Equally the property would be an ideal development project to turn in to high quality apartments.

The property is in an ideal location in the centre of Nottingham town centre, within close proximity to all local amenities and popular local events locations. With excellent transport links with close access to M1.

We have been informed by the vendor that that current property is achieving an income of £80,000pa

  • City Nottingham
  • State/county Nottinghamshire
  • Country United Kingdom


Updated on August 12, 2021 at 3:24 pm
  • Price: £975,000
  • Property Type: Buy To Let
  • Property Status: Sold

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Lewis Gardiner
  • Lewis Gardiner

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Lewis Gardiner
  • Lewis Gardiner